Top Cryptocurrency Traders Are Bullish on Bitcoin Despite Minor Price Pullback

Libra Coin News
Wed, 09/04/2019 - 17:16
Alex Dovbnya
The Bitcoin price has managed to hold above the critical support at $10,300, which opens the doors to $11,000 
Cover image via www.freepik.com

After five days of printing green candles on its 1-day price chart, Bitcoin has endured minor losses on Sept. 4 with its price dipping below the $10,500 level.

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While bears are drooling over the thought of another major pullback, some top traders predict that Bitcoin is not going down this time.

Alex Krüger believes that the Bitcoin price will go to “at least” $11,300 if it manages to break above the $10,800. Conversely, a break below $9,800 would revitalize the short-term bearish view.

In the meantime, Josh Rager points out that Bitcoin has managed to find a good supply and demand area, but traders shouldn’t adopt a wait-and-see approach. There is still a possibility that we will see days or even weeks of sideways trading.

As reported b U.Today, financial analyst Clem Chambers predicted that the BTC price could skyrocket to $20,000 on the heels of the global economic turmoil.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.


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